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After oil prices soared following Russia's invasion of Ukraine, European governments already have imposed windfall taxes on their oil industries. But most U.S. lawmakers show little appetite to reverse that trend after oil companies like Exxon Mobil Corp and Chevron Corp <CVX.N. Senator Sheldon Whitehouse and Representative Ro Khanna, both Democrats, are among legislators who have already introduced bills to tax excess oil company profits. Democratic Senators Kyrsten Sinema from Arizona and Joe Manchin from West Virginia would likely oppose a windfall profits tax, dimming its prospects, congressional sources and research groups said. Administration officials conceded privately that it may be difficult to enact a federal windfall profits tax, and said no deadline has been set for a next step.

WASHINGTON — Which party controls Congress next year could have big implications for Twitter — and its new “Chief Twit,” Elon Musk. A Jordan spokesman had no comment about Musk and Twitter, but Republicans expect the company will be more cooperative with any future GOP investigations with Musk at the helm. But upon taking control of Twitter, Musk said he would first form a “content moderation council,” and Yoel Roth, head of Safety and Integrity at Twitter, insisted that the company’s policies on hate speech have not changed. “If Elon Musk has said now that he’s going to start a content moderation board, that was one good sign, but I continue to be concerned about that,” Klobuchar said. Other Democrats are raising national security concerns about how Musk financed the $44 billion Twitter deal.

☆ First on CNN: Senate Democrat warns Fed it’s ‘foolish’ to keep lifting interest rates
▼ + stars: | 2022-10-27 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

But the concern is the Fed is doing too much too soon,” Hickenlooper wrote in a letter on Thursday to Fed Chairman Jerome Powell. In a bid to get inflation under control, the Fed has raised interest rates more rapidly than at any point since the early 1980s under legendary Fed chairman Paul Volcker. “I write to urge the Federal Reserve to pause and seriously consider the negative consequences of again raising interest rates,” Hickenlooper wrote, adding that families have been stung by surging borrowing costs for homes and cars. “Will raising interest rates lead to more oil, lower prices of oil, more food, lower prices of food? Former President Donald Trump repeatedly slammed Powell — his handpicked Fed chairman — for raising interest rates and shrinking the Fed’s balance sheet.

☆ Top Senate Democrat warns the Fed against causing mass job losses
▼ + stars: | 2022-10-26 | by ( Matt Egan | ) edition.cnn.com time to read: +3 min

“For working Americans who already feel the crush of inflation, job losses will make it much worse. The comments from the Ohio Democrat, who publicly supported Powell’s renomination as Fed chair, underscore the intense pressure facing the Fed ahead of next week’s decision on interest rates. Bank of America estimates the US economy will start losing 175,000 jobs a month early next year due to the Fed’s rapid interest rate hikes. California Rep. Ro Khanna slammed the central bank for “failed policy” that led to high inflation and expressed concern the Fed will now overcompensate. Massachusetts Democratic Sen. Elizabeth Warren has described the Fed’s rate hikes as “extreme” and set the stage for blaming the central bank for a downturn.

☆ Inflation remains on voters' minds ahead of midterm elections, says Rep. Ro Khanna
▼ + stars: | 2022-10-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInflation remains on voters' minds ahead of midterm elections, says Rep. Ro KhannaRep. Ro Khanna (D-Calif.) joins CNBC's 'Squawk Box' to discuss inflation's potential impact on the upcoming midterm elections and weighs in on President Joe Biden's energy plan.

☆ Democratic Rep. who signed withdrawn letter on Ukraine said nobody told them it was getting released: CNN
▼ + stars: | 2022-10-26 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +4 min

A controversial letter went out without those who signed it knowing, per a Rep. who spoke to CNN. 30 progressive Democrats signed a letter urging diplomacy with Russia over its invasion of Ukraine. Unnamed aides to other members of Congress told CNN the same thing. In withdrawing the letter, Jayapal said it "was drafted several months ago, but unfortunately was released by staff without vetting." The anonymous member who said that Jayapal's office did not check back with signatories before the letter's release told CNN that the "timing is terrible."

☆ Bidens host largest White House Diwali celebration ever
▼ + stars: | 2022-10-25 | by ( Sakshi Venkatraman | Sakshi Venkatraman Is A Reporter For Nbc Asian America. | ) www.nbcnews.com time to read: +2 min

The Bidens hosted Monday the largest Diwali celebration ever held in the White House, with some 200 guests in attendance as the president lit a diya, a ceremonial lamp, and addressed the holiday’s significance. Before he addressed the room full of South Asians, Biden invited two young kids to join him on stage. The president was joined at the ceremony by first lady Jill Biden and Vice President Kamala Harris, who was greeted with loud cheers as she took the stage to talk about her own relationship with Diwali. Dancers from the Sa Dance Company perform during a reception to celebrate Diwali at the White House, on Oct. 24, 2022. Yuri Gripas/ABACA / Sipa USA via AP“I have such fond memories of celebrating Diwali as a child,” Harris said.

☆ House Democrats Urge Biden to Speak Directly With Russia to End Ukraine War
▼ + stars: | 2022-10-25 | by ( Lindsay Wise | ) www.wsj.com time to read: 1 min

WASHINGTON—A group of 30 House Democrats sent a letter to President Biden on Monday asking him to seek direct talks with Russia to reach a diplomatic settlement to the war in Ukraine, marking a new sign of unease in Congress over America’s approach to the fighting. The letter’s signatories include Rep. Pramila Jayapal (D., Wash.), the chairwoman of the Congressional Progressive Caucus, as well as influential progressives Rep. Alexandria Ocasio-Cortez (D., N.Y.) and Rep. Ro Khanna (D., Calif.). Rep. Barbara Lee (D., Calif.), the only member of Congress to vote against the resolution authorizing war in Afghanistan in 2001, also signed the letter.

☆ Can liberals win tough Senate races? Fetterman and Barnes hope to prove it
▼ + stars: | 2022-10-24 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Alex-Seitz-Wald-Circle-Byline-Template.Jpg | Alex Seitz-Wald | ) www.nbcnews.com time to read: +9 min

WASHINGTON — At stake in this year’s key Senate races is not just the balance of power between the parties, but within them. Now this year's Senate races represent one of the toughest electoral challenges yet for the modern progressive movement. These groups will back progressives in open Senate races, but have yet to recruit someone to run against an incumbent Democrat. But both Fetterman and Barnes then went on to be elected lieutenant governor, statewide victories that helped them convince party insiders they could win U.S. Senate races. John Fetterman, the Democratic Senate nominee in Pennsylvania, greets supporters at Nether Providence Elementary School, in Wallingford on Oct. 15.

☆ Democrats struggle with message on inflation in final midterm push
▼ + stars: | 2022-10-22 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Shannon-Pettypiece-Circle-Byline-Template.Jpg | Shannon Pettypiece | ) www.nbcnews.com time to read: +10 min

“What is our message about why inflation is going to be worse if Republicans win?” Rep. Ro Khanna, D-Calif., told NBC News in an interview. Even as President Joe Biden and some candidates sharpen their focus on inflation, many Democrats are worried it may be coming too late. “Ads for both parties discussed inflation during the early summer, but since then, pro-Democratic ads have avoided mentions of inflation while pro-Republican ads have increased their discussion of inflation,” the researchers wrote. Economic issues are hitting voters particularly hard in states where Democrats’ control of the Senate hangs in the balance, including Arizona, Georgia and Nevada. In campaign appearances and ads, she’s frequently attempted to explain to voters that the Inflation Reduction Act will lower costs for voters.

☆ Analyst says Kakao has 'poor risk management'
▼ + stars: | 2022-10-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAnalyst says Kakao has 'poor risk management'Seungjoo Ro of CLSA discusses the problems faced by South Korean messaging app Kakao after a data center outage that happened over the weekend.

☆ The Saudis are siding with Russia over American consumers, says Rep. Ro Khanna
▼ + stars: | 2022-10-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Saudis are siding with Russia over American consumers, says Rep. Ro KhannaRep. Ro Khanna (D-Calif.) joins 'Squawk Box' to discuss where the U.S. will get enough oil to run the economy if it stops buying from Saudi Arabia, why oil producers would want lower oil prices, and more.

☆ How Amazon’s big private-label business is growing and leaving small brands to protect against knockoffs
▼ + stars: | 2022-10-12 | by ( Katie Schoolov | ) www.cnbc.com time to read: +10 min

Peak Design CEO Peter Dering compares his company's Everyday Sling Bag to the Amazon private label version at his San Francisco headquarters on September 6, 2022. A selection of some of Amazon's 118+ private label brands as of October, 2022. Then there are specialty firms that only do private labels, and some store brands have their own devoted manufacturing facilities. By comparison, private labels make up a whopping 77% of Aldi's sales, followed by Trader Joe's at 59% and Wegmans at 49%. A variety of Amazon's private label goods are shown on September 29, 2022.

☆ Saudi Arabia and OPEC risk causing a US recession, Sen. Blumenthal says
▼ + stars: | 2022-10-11 | by ( Matt Egan | ) edition.cnn.com time to read: +3 min

Connecticut Democratic Sen. Richard Blumenthal isn’t buying that argument from Saudi Arabia-led OPEC and is leading the push to punish the kingdom. Blumenthal and Democratic Rep. Ro Khanna announced legislation on Tuesday to stop all US arms sales to Saudi Arabia for one year. Blumenthal said he hopes the legislation will lead to a “rebalancing” of the “one-sided” relationship between the United States and Saudi Arabia. “Saudi Arabia gets arms, it gets paid for oil and then basically turns around and betrays us,” he said. More immediately, Blumenthal said the goal is to get OPEC+ to reverse its decision to slash oil production beginning next month.

☆ Fury at Saudi Arabia revives calls for US to throw the book at OPEC
▼ + stars: | 2022-10-07 | by ( Matt Egan | ) edition.cnn.com time to read: +8 min

New York CNN Business —OPEC+’s decision to slash oil production has set off bipartisan fury in Washington directed at the Saudi Arabia-led group, raising calls for a hard-hitting US response. And as Democratic Congressman Ro Khanna told CNN earlier this week, in some ways the United States is less dependent on Saudi Arabia and other OPEC nations than in the past. US oil production has skyrocketed over the past 15 years, driving down foreign oil imports. Last year, US crude oil imports from OPEC nations stood at just 798,000 barrels per day. OPEC nations are among the only countries with the firepower to fill any gap created by the potential loss of Russian supply.

☆ China's climate push could spawn new global players, even if Beijing falls short on its pledge
▼ + stars: | 2022-10-04 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +7 min

China aims to reach peak carbon emissions in 2030. Two years ago, Chinese President Xi Jinping formally announced the world's second largest economy would strive for peak carbon emissions in 2030, and carbon neutrality in 2060. Emerging leader in offshore wind? The U.K. and the rest of Europe are each expected to add about 10 gigawatts of offshore wind power in the next three years, according to IEEFA Research. Overenthusiastic measures to force local areas to cut carbon emissions last year resulted in a power shortage that disrupted factory production.

☆ Meet the brightest investors and dealmakers under 35 from firms like Blackstone and Bridgewater navigating today's choppy markets.
▼ + stars: | 2022-09-29 | by ( Aaron Weinman | ) www.businessinsider.com time to read: +5 min

After months of interviews and countless rounds of fact checking, meet 25 best-in-class investors, traders, and dealmakers under the age of 35, from firms like JPMorgan, BlackRock, and Apollo, among others. Here is the latest crop of rising stars — Wall Streeters under the age of 35 who are pushing their teams to the top. The end result celebrates people from all walks of life who are infusing new ideas at the biggest firms. He works across the firm's funds TPG Capital and TPG Growth, and also covers TPG's impact-oriented initiative called The Rise Fund. HBCUvc's operating chief reviews hundreds of applications for the program that offers paid internships at VC firms.

☆ From Cedar to Ro, here's every digital-health startup that's cut workers so far this year
▼ + stars: | 2022-09-28 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +1 min

Digital-health startups are slicing their workforces after two years of record industry growth. Many startups that announced layoffs this year raised mega-rounds of $100 million or more in 2021. Last year, the digital-health industry was flying high. Digital-health startups in the US banked a record $29.1 billion in 2021, almost double 2020's record of $14.9 billion. Here are the digital-health startups that have announced layoffs this year, as of September 28:Have a tip about digital health layoffs that you want to share?

☆ A House Republican and Democrat are introducing a bill that would require members of Congress to file financial disclosures electronically
▼ + stars: | 2022-09-20 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +4 min

Some members of Congress file financial disclosures that are basically illegible. Dusty Johnson of South Dakota are introducing the Easy to Read Electronic and Accessible Disclosures (READ) Act, which would allow users to search, sort, and download financial disclosure data filed by House members, Senators, and candidates for both chambers. "This means that government records, including financial disclosures filed by elected officials, must be easy to find and easy to understand." "These requirements will help bring critical transparency to the financial situation of members of Congress and more opportunity to spot potential conflicts of interest," added Hedtler-Gaudette. The bill comes amid a broader push to ban members of Congress from trading stocks.

☆ $14 billion hedge fund Schonfeld is focused on hiring as underperforming shops face a shakeout
▼ + stars: | 2022-09-19 | by ( Alyson Velati | ) www.businessinsider.com time to read: +4 min

The hedge fund industry in the early days of a consolidation wave, according to headhunter Ilana Weinstein. The writing is on the wall for hedge funds whose performance have taken massive hits over the last few months. The S&P 500 and the average hedge fund, according to Hedge Fund Research, dropped 18% and 4% year to date, respectively. To stay competitive amid consolidation in the hedge fund industry, Tolkin said $14.1 billion Schonfeld Strategic Advisors is looking to attract talent from different backgrounds and that can provide different ideas. This will help the firm become one of the "winners" amid the industry consolidation, Tolkin said.

Insider's experts choose the best products and services to help make smart decisions with your money (here’s how). "Get Smart with Money" is a new money-focused documentary on Netflix. Aside from being a good watch, "Get Smart with Money" shares six smart lessons anyone can use to improve their finances. Earning more can mean spending more"Get Smart with Money" follows John and Kim, a married couple with two children. The couple set their sights on early retirement, and with the help of Mr. Money Mustache, cut $3,000 per month in expenses.

☆ Why Joe Biden thinks he's never too old to be your president
▼ + stars: | 2022-09-13 | by ( Nicole Gaudiano | ) www.businessinsider.com time to read: +28 min

As the oldest sitting president, he's raising concerns about how long he can continue governing. Republicans — including Trump — have gleefully seized on Biden's verbal misadventures, such as when he called his vice president "President Harris." President Joe Biden drives the Ford's new all-electric F-150 Lightning in Dearborn, Michigan. Ruggerio described the idea that Joe Biden is diminished or can't remember things as "bull crap." Cox said that while he thinks Biden is "still Joe" and still capable, he worries that Biden's age is a problem.

☆ Cannabis startup Eaze quietly laid off as many as 25 employees as pressure mounts for the once high-flying company
▼ + stars: | 2022-06-02 | by ( Kylie Robison | Jeremy Berke | ) www.businessinsider.com time to read: +5 min

In a statement to Insider, Eaze said the cuts were related to a merger that closed in January. Cannabis tech startup Eaze quietly laid off as many as 25 employees, Insider has learned. In its statement to Insider, Eaze said that the cuts were related to the Green Dragon acquisition, which closed in January. In its statement to Insider, Eaze said that it closed its Series E round in January with $65 million in funding. In January of 2022, the company completed its acquisition of Green Dragon and closed on $65 million in its Series E fundraise.

☆ Cerebral is trying out an unusual clinical trial for a depression drug that has other companies wary. Here’s why.
▼ + stars: | 2022-01-14 | by ( Megan Hernbroth | ) www.businessinsider.com time to read: +6 min

The mental-health startup Cerebral partnered with Alto Neuroscience for a clinical trial. The mental-health startup Cerebral is teaming up with Alto Neuroscience on an upcoming home-based clinical trial for the biopharmaceutical company Alto's depression-drug candidate, according to federal records. The idea behind the partnership is that Cerebral is a mental-health company treating patients with depression, the condition for which Alto is developing treatments. Cerebral Chief Medical Officer David Mou told TechCrunch in December that the startup provided patients for the trial "within an hour." How Alto is running the trialThe trial with Cerebral does not include a control group, according to the filing.

☆ Alegeri în Bulgaria: Incertitudinea politică s-ar putea prelungi
▼ + stars: | 2021-07-10 | by ( Aliona Ciurca | ) www.zdg.md time to read: +1 min

Noul partid anti-sistem din Bulgaria, Există un Astfel de Popor (ITN), condus de un cântăreț și moderator de talk-show-uri, a ajuns pe primul loc într-un sondaj realizat înainte de alegerile anticipate de duminică, relatează Reuters, citat de digi24.ro. Totuși, sondajul realizat de Alpha Research din Sofia arată că, deși sprijinul pentru mai multe formațiuni anti-sistem a crescut, ele nu ar putea să formeze un guvern. „În pofida îmbunătăţirii poziţiilor, partidele care contestă starea sistemului, nu obţin cele 120 de voturi necesare pentru o majoritate. În acest context, găsirea formulei coaliţiei probabil va fi elementul central în viitoarea legislatură, la fel cum a fost şi după scrutinul din aprilie”, potrivit analiștilor Institutului Alpha Research. ITN a fost surpriza alegerilor din aprilie, clasându-se pe locul doi și depășind Partidul Socialist, unul dintre partidele tradiționale bulgare.

Persons: ro ., ITN Organizations: Alpha Research, Partidul Socialist Locations: Bulgaria, Sofia

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